-The Hindu Building ‘capitalism with Indian characteristics’ means decisions cannot ignore concerns of voters and communities As the economy slows down and the rupee wilts, Manmohan Singh has bitten the ‘reforms’ bullet with both eyes on the credit rating agencies whose negative reports have done much to dampen the ‘animal spirits’ of investors, foreign and native. Last November, when the Congress party made a push to introduce foreign direct investment in multi-brand retail,...

-The Telegraph   Wal-Mart Stores Inc — the $446 billion retail behemoth — will be able to open stores in 22 cities across the country after the government notified a press note tonight permitting foreign direct investment up to 51 per cent in multi-brand retailing operations. The press note — which contained clauses that were not spelt out in the controversial press release issued last Friday after the cabinet formally cleared the proposal...

-The Indian Express Wage growth in agriculture outpacing that in industry is a bad sign for the economy Against a 63 per cent rise in industrial wages in a 10-year period, agricultural wages in the harvesting season have risen by 117 per cent, according to data released by the agriculture ministry this week. The difference in the rise in wages in the two sectors, from comparable bases, is not a statistical artefact....

-PTI Expressing concern over high rehabilitation and resettlement (R&R) cost to be incurred by industry in the proposed Land Acquisition Bill, Ficci today asked the government to make changes in the provision. Without such changes it will not be viable for the industry to acquire or purchase land for manufacturing or infrastructure, the industry body said. "The current R&R provisions of the Bill will put an unfavourable burden on the industry as it...

-The Times of India Rural development minister Jairam Ramesh said he would not dilute the compensation package and rehabilitation norms in the draft land acquisition bill, throwing a challenge at ministerial colleagues who last week dubbed it anti-industry to block its approval by the Cabinet. "This bill is part of the political agenda of Congress and we are a political party. These people should know we are in government, they are ministers...